10.09.2015 - Saudi Arabia is still dominating Asia's crude oil market
Saudi Arabia continues to be a major force in Asia's oil market, new figures from the US Energy information Administration (EIA) show - despite plummeting prices. In the first half of 2015, the kingdom's market share of crude oil imports into other countries on the continent remained practically the same as last year. In the case of China, its biggest recipient of oil, Saudi Arabia accounted for 16 per cent of total imports during the six months to June – exactly the same as in 2014. Saudi's market share in India, Japan, South Korea and Thailand also remained the same or one per cent lower, while in Taiwan there was a very slight increase from 32 per cent to 33 per cent...............................................Full Article: Source
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